DescriptionAbout the Book:-Novel and Conventional Methods of Audit, Investigation and Fraud Detection offers an insightful and descriptive account of the frauds and accounting irregularities and methodologies to detect them by using combination of novel and conventional audit approaches. The objective of this book is to provide practical approach for investigation to auditors and person entrusted with the task of investing white collar crimes.It deals in detail with warning bells, forensic testing and investigation methods. This book would be useful for auditors, management, investigators and also those in finance and operations at a decision making level. It provides insights into very advanced approaches and techniques in a simple manner.This book is entirely practical. Every concept, every technique and approach is backed up by a case study adapted from experiences of the author and other contributors who are all eminent experts in this world of forensic accounting and fraud investigations.Digital forensics and computer related fraud, have been discussed in reasonable depth. The material in the third edition has been updated further to make it more relevant in the current date. Areas such as handwriting, signature verification have been also briefly covered.This book also has the ‘star trek’ type of approach. Methods using Luhn’s algorithm, tiger team tests, barium test, Juxtaposition tests are methods which are novel in the world of investigation. Green flags, juxtaposition test, boomerang fraud are concepts coined and introduced by the author. These have helped the author in investigating many fraud investigations in his career of over 32 years as a professional.In the third edition, a lot of emphasis has been placed on advanced techniques. In particular juxtaposition testing has been illustrated with many examples and even pictures. Email dump analysis and desktop investigations have been also introduced to illustrate investigating in the modern email and internet environment. Changes in the Companies Act relevant to fraud reporting, and refinements in various chapters to include new case studies have been made. A detailed case study in fitness industry, and some useful tips in investigating in an ERP environment are the other new notable additions.Key features∩é╖ Use of figures, drawings and anecdotes to illustrate concepts∩é╖ This is based on practical approach, provides case studies for various concepts, approaches and techniques.∩é╖ Industry Specific Case Studies (telecom, banking, insurance, entertainment, education etc.)∩é╖ Scientific as well as judgement-based approach to fraud investigation and audits.∩é╖ Use of advanced and sophisticated audit techniques such as CAAT, data mining, etc and fraud detection in computerized environment.∩é╖ Examples of handwriting and signature analysis in cases of forgery.∩é╖ Model documents and samples to illustrate cases of forgery and manipulation∩é╖ Models and samples of investigation reports.∩é╖ Provides insights into very advanced approaches and techniques∩é╖ Methods using Luhn’s algorithm, tiger team tests, barium test, Juxtaposition tests are methods which are novel in the world of investigation∩é╖ Juxtaposition testing, E-mail dump and desktop investigations are illustrated extensively with various pictures & illustrations.∩é╖ A case study in fitness industry, and some useful tips in investigating in an ERP environment are the other new notable additions.About the AuthorChetan D Dalal, a Chartered Accountant and a Certified Fraud examiner, specialises in fraud detection and forensic investigation. He is also a Certified Internal Auditor and a Certified Information Systems Auditor. He has served on the board of the Association of Certified Fraud Examiners (India Chapter) and India Merchants Chamber. He has also served on the editorial board of an international journal – “Inside Fraud Bulletin”. He has been the chief faculty member in the first ever certification course on forensic accounting and fraud investigation for the Institute of Chartered Accountants of India. He has also conducted many workshops on fraud investigation for several companies in India and overseas. He has to his credit various awards and prizes for his research and paper contributions in the areas of fraud detection. He is the recipient of the Tarneja Award 2003 for the best article on fraud awarded by the Bombay Management Association and the PM Trivedi Memorial Prize for the best feature on ‘Standard Auditing Practice’ in the Bombay Chartered Accountants’ Society Journal.He has authored several publications on fraud detection, internal audits, audit practices and procedures which have been published by the Institute of Chartered Accountants of India and the Bombay Chartered Accountants Society. He is a regular contributor of articles on fraud, accountancy and audit in many Indian corporate magazines, economic dailies and professional journals. He has also contributed articles in international journals such as the Internal Auditing-UK, IT Audit forum (USA), Accountant’s Ledger (Canada), etc.
Ca Chetan Dalal